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Syrus Madavi joins board of directors of CoreOptics Inc.


Manchester NH/San Jose, CA, USA and Nuremberg, Germany June 2, 2008 -- CoreOptics Inc., a leading designer and manufacturer of 10/40/100 Gbps optical networking subsystems, today announced that Syrus P. Madavi has joined the company’s Board of Directors.


“We are extremely pleased to have Syrus Madavi join our Board. He brings a unique blend of business and technical leadership in the semi-conductor and optical components industry to our Board of Directors.” said Hamid Arabzadeh, CoreOptics Chairman of the Board, President and CEO. 'I am confident that Syrus’ vast market understanding and keen business acumen will be a tremendous asset as CoreOptics extends its global reach and enters new markets.'

Mr. Madavi’s 30 year career has included terms as Chairman, President and CEO of Burr-Brown Corporation, President and Chief Operating Officer of JDS Uniphase, Senior Vice President of Texas Instruments, President of Raytheon Semiconductor, and Vice President, GM of Honeywell Signal Processing Technology.

Under Mr. Madavi’s leadership as Chairman, President and CEO of Burr-Brown Corporation, a semiconductor company focused on high-performance analog and mixed-signal integrated circuits, the company’s valuation increased significantly and Texas Instruments acquired the company for over $7 billion. At Texas Instruments, Mr. Madavi was the Senior Vice President of the high performance signal processing business sector. This business with over $1 billion in revenue, offered power management, analog, mixed-signal, and DSP integrated circuits for digital consumer, personal computing, and communications markets.

“CoreOptics is an exciting company for me to be part of because of their highly innovative approach of applying high speed intelligent electronics to optical transport. This approach brings unrivaled performance with silicon economics to what was once a technically complex, labor intensive and costly solution when treated solely in the optical domain” said Mr. Madavi. “They have a world-class engineering team that is highly innovative which coupled with seasoned operations and marketing teams with proven track records, execute and deliver products that support the company’s global business expansion.”

Madavi has a Bachelor of Science degree in Electrical Engineering and a Masters of Science degree in Computer Science, both from Stevens Institute of Technology, and an MBA in Finance from the University of California Los Angeles.

About CoreOptics

CoreOptics, with operations in Nuremberg, Germany, San Jose, California and Manchester, New Hampshire, USA, develops and manufactures subsystems for ultra high-speed optical networking applications in the telecommunications and information technology industries. CoreOptics current portfolio includes advanced 10Gbps and 40Gbps transponders for Metropolitan, Regional and Long Haul optical systems using DWDM, OTN, SONET/SDH, ATM and IP protocols.

The company was founded in January 2001 and has received financing from leading venture capital firms T-Com Venture Fund, GIMV, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures, Quest for Growth and others. The team includes over 115 highly skilled engineers with extensive experience in RF and digital ASIC design as well as optical systems, applications and network architecture. Additional information about CoreOptics can be found at www.CoreOptics.com

For more information please contact:

Saeid Aramideh
CoreOptics
Senior Vice President of Marketing and Sales
50 Bridge Street, #308
Manchester, NH 03101
Phone: +1 603-669-3355
Email: saeid@coreoptics.com


Publisher Contact Information:

CoreOptics GmbH
+1 603-669-3355
saeid@coreoptics.com

Company profile of CoreOptics GmbH
Past press releases of CoreOptics GmbH.

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